Utilities Sector Wrap

Markets FOXBusiness

While the S&P 500 lost 1.7%, the Utilities sector (XLU) gained 4705.7% during trading today.

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The ETF has moved up across its 50-day moving average of $33.60 today. The ETF, as a proxy for the sector, tracked farther from the overall market today than over the past week. As trading began today, XLU was down 2.7% over the last seven trading days while the S&P 500 climbed -4.2%.

Cheniere Energy, Inc. (LNG) was a major loser in the sector. Its price dropped 8% (-$1.30) to close at $14.97, as 7.2 million shares moved. The stock traded between $14.91 and $16.67.

Pampa Energia S.A. (ADR) (PAM) was a significant gainer in the sector, rising 2%. The stock closed at $8 with 27,830 shares moving. The stock traded in a range of $7.74 to $8.01. Over the last three months, the stock has lost $3.26 (-29%) from a price of $11.26 on January 11, 2012.

Dominion Resources, Inc. (D) declined 1.4% to close at $50.20, moving below its 50-day moving average of $50.78 and 200-day moving average of $50.64.

Laclede Group Inc (LG) rose 0.1% to close at $38.60, approaching its 50-day moving average of $40.16. It has also moved closer to its 200-day moving average of $40.08. Spectra Energy Corp. (SE) fell 3.2% to close at $30.16, moving down to 1.2% above its 200-day moving average of $29.80.

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Atlas Energy Lp (ATLS) hit a new 52-week high today, reaching $37.19 to top the previous high of $35.87.

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